Ripple Suggests Major Technical Shift, Yet XRP Transaction Trends Raise Concerns
Ripple's Staking Overhaul: Ripple is considering a significant staking overhaul for the XRP Ledger, which could introduce staking rewards and alter the ledger's core design, as discussed by RippleX's head of engineering, J. Ayo Akinyele.
XRP Price Pressure: XRP is experiencing significant selling pressure, with a recent outflow of $181.53 million from exchanges, leading to a price drop to around $1.90, raising concerns about the strength of its support levels.
Technical Analysis: XRP is trading below a declining trendline and key moving averages, with each price rebound showing weaker highs, indicating a continued downward trend unless it can hold the $1.85–$1.90 support area.
Future Demand Zones: If XRP fails to maintain its current support, the next significant demand zone is around $1.60, which has previously supported rallies earlier in the year.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.517 | 0.817 | 1.154 | 1.454 | 1.792 | 2.092 | 2.429 |
| Fibonacci | 0.817 | 1.061 | 1.211 | 1.454 | 1.698 | 1.848 | 2.092 |
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